Elementia Announces Pricing Of Initial Public Offering At BMV

Jul 10, 2015, 10:00 ET from Elementia

MEXICO CITY, July 10, 2015 /PRNewswire/ -- Elementia, S.A.B. de C. V. ("Elementia") (BMV: ELEMENT) a leading integrated building materials company in the Americas, announced that it began trading on Friday, July 10th on the Mexican Stock Exchange (BMV) under the symbol "ELEMENT".

The global public offering of shares will be 100% primary and the proceeds will be used to finance investments to expand cement production capacity within the next 24 months and to make the final payment of a recent acquisition. The offering took place on Friday July 10th in Mexico via the BMV, in the United States via Reg. 144A, and in other countries via Reg S. 

Elementia offered 231.2 million shares (including the overallotment option) during its initial public offering at Ps. 17.00 per share and the book was several times oversubscribed. Total proceeds from the offering, (including the overallotment option), amounted to US$ 249 million (approximately Ps. 3.9 billion). The Company has granted the underwriters a 30-day option to purchase additional shares at the initial public offering price. The deal was allocated 81% in Mexico and the remaining in the international markets.

Credit Suisse, Morgan Stanley, and Citi acted as Global Coordinators, while HSBC, Grupo Financiero Santander, BBVA Bancomer, Inbursa and BX+, acted as joint book-runners for the offering. 

About Elementia

Elementia, S.A.B. de C.V., is the leading building materials company in the Americas. Since 1932 Elementia has grown organically and through mergers and acquisitions to constitute today a company with a comprehensive product portfolio of market leading building materials within the construction sector, supplying up to 75% of the materials used to build a typical house. With an extensive distribution network across main construction segments Elementia is the #1 producer of fibrocement in Latin America and #2 in the U.S., one of the top 5 producer of copper brass mill products in the world, and first entrant into the Mexican cement market in the last 65 years. For more information visit www.elementia.com or contact:

Investor Contact:                                                                                            
Juan Francisco Sanchez Kramer
Tel: +5255 4124 1133
Email: jsanchezk@elementia.com    

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SOURCE Elementia